SEC Moves to Scrap Climate Petition Rule — SkimNews
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- The SEC is seeking to eliminate a rule that allows shareholders to formally petition companies, which advocacy groups have used to press for climate and sustainability action.
- Investor and advocacy groups warn the SEC's proposed move would block [efforts to hold companies accountable on climate — source text is truncated mid-sentence].
Why it matters: The rule in question is one of the primary formal channels shareholders and advocacy groups have used to pressure companies on climate and sustainability — scrapping it would close off a key accountability mechanism at a time when investor and advocacy groups are actively using it.
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